ESG Glossary
Definition
The process of comparing a company's ESG performance to competitors in its industry. This can often be challenging as there is not a universal standard to normalize the data and easily compare it. Undergoing this process allows companies to identify the strengths and weaknesses of their ESG practices, ensure compliance with regulatory requirements, and leverage their ESG performance to apply for sustainability finance tools.
In Practice
"Our ESG benchmarking process yielded promising results, proving that our company is reporting on all the necessary ESG metrics, with a 20% lower carbon footprint than average for our industry."
Related terms
Need Help Breaking Down ESG Concepts?
Our experts can explain what these terms mean for your company and how they apply to your reporting.
Keep Learning
FAQs
Data security
We take data security very seriously. ECO-OS uses enterprise-grade security measures, including encryption, secure data storage, regular security audits, and compliance with leading industry standards. Your sensitive ESG data remains private, secure, and confidential at all times.
Do you provide implementation support?
Absolutely! Our professional services team is among the most talented and experienced in the business. They provide hands-on implementation support, systematically guiding your team every step of the way. From initial data discovery and onboarding of users to training and integration, our experts ensure your team rapidly closes gaps and creates new value with ECO-OS.
Do you also support Scope 3 reporting?
Of course. ECO-OS provides an end to end solution for Scope 3 emissions following the guidance of the GHG Protocol. A suite of tools unique to our platform simplifies the complex task of communicating, collecting and aggregating your supply chain data, helping you clearly understand your full value chain emissions and devise actionable reduction programs.
What international standards and frameworks are supported by ECO-OS?
ECO-OS supports alignment with major global ESG reporting frameworks, including CSRD, the GHG Protocol, California SB 253 and SB 261, the UN Global Compact, the UN SDGs, and other leading international standards.